Prepare for the Future with Acumatica Construction Edition

In the dynamic construction world, staying ahead of the curve is essential to success. With rapidly evolving technologies and ever-changing demands, construction companies need a reliable and future-ready solution to streamline their operations. Enter Acumatica Construction Edition — an innovative cloud-based software tailored to the construction industry. 

Below, we’ll briefly go over the features of Acumatica Construction Edition and the steps to take for a digital transformation. You can get a more in-depth look at Acumatica and how it can propel your business forward by downloading this solution brief. 

There are several functional categories that are critical to construction firms when considering a modernization project. These categories include platform features, general accounting, business intelligence, inventory management, customer relationship management, and procurement. A contemporary construction platform aims to revolutionize operations by eradicating manual data entry, optimizing business processes, integrating seamlessly with modern construction technologies, and enhancing visibility from any location. Some of the functions of Acumatica Construction Edition include:

COLLABORATION AND SELF-SERVICE PORTALS

Integrations with critical work tools such as Autodesk, Outlook, Teams, Adobe Document Cloud, and Adobe eSign allow uninterrupted collaboration, document reviews, contract management, and approval processes.

CONNECTIVITY AND CUSTOMIZATION

The Acumatica Marketplace is one of the leading communities of independent software vendors with integrated applications for construction management, estimates, proposals, job site time records, HR, equipment, supply logistics and shipping, contract management with eSignature, and more.

COMPLIANCE

Contractors can no longer rely on physical records to prove compliance. Acumatica provides an adaptable platform with an open API architecture to tailor system workflows, secure data, and connect disparate applications for ever-changing compliance regulations.

PROJECT COST ACCOUNTING

Gain efficiency with a comprehensive suite of accounting applications, including general ledger, accounts receivable, accounts payable, contract management, asset depreciation, and complete retainage capabilities. With Acumatica’s included reporting and billing, projects stay on budget in real time.

Modernizing your construction business without a well-thought-out plan can be a daunting task. Take a closer look at the features you’ve implemented in your ERP system – are they optimized and are there additional features that could be utilized? To ensure a solid foundation for your modernization journey, conduct thorough research, prioritize key activities, and develop a comprehensive and detailed plan. This approach will set the stage for a successful and efficient modernization process that aligns with your business goals.

STEP 1: Laying the Foundation

Embarking on the journey to modernize your construction business technologies becomes smoother with a modern ERP system as your base. Start by assessing your current software to identify data silos and any issues related to mobility. Ensure that your processes are flexible and can restrict access to sensitive company information, enhancing data sec

STEP 2: Extensive Research

Conduct a comprehensive business process review to pinpoint areas that can be enhanced through modernization. Create a list of compliance issues and rank them based on both cost and potential benefits. Explore the modern systems available in the market and evaluate them based on how well they meet your requirements.

STEP 3: Prioritizing Improvements

Address functional gaps by prioritizing them according to their cost and potential benefits. Optimize your existing applications first, seeking ways to extract more value from them. Study past modernization projects to identify opportunities for process improvement. Consider activities that can be quickly implemented using existing functionality or where you can leverage previous technology investments for adjacent innovations.

STEP 4: Developing a Concrete Plan

Define your desired goals, the supporting technologies needed, and a timeline for implementation. Clear and concise outlining of expected results is vital. Document the current state as a benchmark to measure the success of your modernization efforts. Define the technologies and integration points required to connect with other systems, and establish contacts for assistance and support. Develop detailed phases and timeframes for each step in the process, along with a contingency plan to address any potential conflicts that may arise during the project. A well-structured plan will ensure a smooth and successful modernization journey for your construction business.

Modernizing construction technologies is vital for thriving in today’s digital economy. Understanding how modern platforms can improve quality, cut costs, and increase profits is essential for construction businesses. A disciplined strategy with a four-phased execution approach ensures successful digital transformation, while Acumatica Construction offers a unique and robust business platform for long-term support. Download the solution brief to gain a comprehensive understanding of Acumatica and how it can propel your business forward. 

To learn more about how to digitally transform your construction company with Acumatica, talk to one of our experts today.